Senate panel passes bill to lift United States oil export ban, future uncertain

An amendment offered by Sen.

The legislation is expected to receive a vote from Sen. In addition, it has threatened to veto any bill preventing the president from providing sanctions relief to Iran until $40 billion dollars in restitution has been paid to American victims of Iranian-backed terrorism.

However, Heitkamp said she and others were talking with senior White House officials on a regular basis.

“This amendment kills the bill”, said Sen.

The USA banned most oil exports following an oil embargo and energy crisis in the mid-1970s. The government also allows exports of refined petroleum products such as gasoline and diesel.

“Suicide and substance abuse are devastating realities in North Dakota, which continue to tear apart families and communities”, said Heitkamp. She noted the drilling rig count in North Dakota has dropped to 68 from more than 190 a year ago amid depressed crude prices. The bill would not assure oil would be sold to US allies, as crude in global markets is generally sold to the highest bidder, they said.

Murkowski’s bill, which now incorporates key elements of Heitkamp’s bill, passed the Energy Committee in July. Lisa Murkowski, R-Alaska, before a vote in the full Senate. John Hoeven, R-N.D., who serves on the Energy Committee. “If too much renewable energy stuff gets attached it could ruin the bill”.

“I would say it’s about 50-50 or a little better right now”, Hoeven said of the chance of passage.

It contains a provision giving the president the power to shut down exports. The White House has reported it not reinforce the Senate’s goals to lift the forbid.

Legislation that removes crude export restrictions is not needed, at this time, he added.

“Tomorrow you may not see any other Democrats other than me voting for it, but what you will hear is a willingness to have a discussion and address this issue broadly”, Heitkamp said in an interview on Wednesday. “It’s a straight repeal of the ban”, said Cramer, adding that, whatever compromise is struck, he hopes Congress can keep it as clean as possible.

“Obviously that’s going to be important to give momentum to the Senate”, he said.